Plan Ledger DOL Form 5500 · updated monthly

Palmetto Engineering and Consulting, LLCESOP

PALMETTO ENGINEERING EMPLOYEE STOCK OWNERSHIP PLAN · GREENVILLE, SC · plan year 2023

Employer contribution per participant · 2023
$12,397

Palmetto Engineering and Consulting, LLC's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held -$27,766,471 across 130 participant accounts, with employer contributions averaging $12,397 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers.

Plan summary
Net assets, end of year-$27,766,471
Participants with balances130
Active participants121
Employer contributions$1,500,000
Employee contributions—
Employer contribution per active participant$12,397
Average account balance-$213,588
Plan auditUnmodified (clean) audit opinion
AuditorDOEREN MAYHEW
Plan history2
Yearassets · accounts · employer contribution
2023$-27.8M · 130 accts · $1.5M emplr
2022$-28.2M · 125 accts · $350K emplr
Employer contributions to the Palmetto Engineering and Consulting, LLC plan · 2023
Employer contribution per active participant$12,397
Median for plans this size$522
2023$12,397 per active participant
2022$2,273 per active participant

Palmetto Engineering and Consulting, LLC's 2023 employer contribution ran above the $522 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history2
2023Not separately reported
2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 920630606 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.